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HOUSTON-Unlike 22 other leading hotel markets, Houston is staying ahead of the game, says a CB Richard Ellis lodging specialist. Other industry watchers concur. Occupancy is up from 2000 and so is the daily room rate.
WASHINGTON, DC-Mayor Anthony Williams and other city officials plan to break ground today on Clifton Terrace, a redevelopment that will result in 76 condominiums and 152 rental apartments.
BIRMINGHAM-One of the glitziest office buildings on the market in the West Midlands has let to a UK government occupier. HM Customs & Excise has taken the Spectrum building in Edmund Street.
SUFFOLK, VA-The Chicago-based food products firm has started site work on a 152,000-sf building that will house 80,000 sf of production; 12,000 sf of office; and 60,000 sf of utility and storage area. The capital investment is the largest of its kind for the company.
LIVONIA, MI-Livonia acknowledges it could have more money from research and development uses, but says warehouse/retail was able to fill the space quicker, and with more jobs.
SAN FRANCISCO-A recent report shows promise for the San Francisco Bay Area office real estate market -- five-weeks of relative stability after months of rising vacancies.
HOUSTON-Phoenix Tel-Supply went to market when its building was damaged in the summer floods. The Houston-based high-tech provider now holds the deed to a 45,000-sf building and a temporary tenant. It's an ongoing trend due to rising rent.
JOLIET, IL-In the first major deal since the redevelopment of the former Joliet Arsenal, a 300,000-sf distribution center will be built there for Partners Warehouse Inc.
ORLANDO-When the team's existing contract is up in 2004, the NBA franchise will rent the TD Waterhouse Centre on a year-by-year term instead of signing for five-year extensions. The Magic pay the city $15,000 per game or $600,000 for 40 home games.